Iran to Double Non-Oil Sales to Iraq

The Iranian FARS news agency reports that former Iranian Oil Minister Rostam Qassemi (pictured), who is now in charge of an economic body charged with improving Iran-Iraq trade ties, said Iran can double its non-oil exports to Iraq to $30 billion.

Addressing a Joint Iran-Iraq Trade Conference in Tehran on Tuesday, Qassemi said that Iraq currently accounts for about $15 billion in non-oil trade, about half of Iran’s total non-oil sales.

He also said that Tehran and Baghdad plan to set up a joint office for Iran-Iraq trade transactions within the next two to three months.